Saturday, October 23, 2010

Most Important thing to know

Money Management is the key to successful stock day trading.
If you don't know this .. don't trade.

You need to understand Risk in terms of "R" multiples.. and risk a certain percentage e.g 1% of your total funds to trade. As you make money, you risk more.

I'm researching into increasing the risk fixed percentage model into a dynamic one - that is, when you're making money, risk even more. So effectively, your money will grow even faster.